Banking

  • September 22, 2026

    GOP Sen. Seeks Don Jr., Hunter Biden Biz Dealings Probes

    Sen. John Curtis urged Senate Judiciary Committee leaders to subpoena Donald Trump Jr. and Hunter Biden to testify about past business dealings with foreign individuals and entities, citing reports of a Russian oligarch and Vladimir Putin associate gifting the wedding after-party of President Donald Trump's oldest son in May.

  • September 22, 2026

    Big Tech Backs Samsung At Fed. Circ. Over Patent Injunctions

    Top technology companies and various industry groups have urged the Federal Circuit to deny Collision Communications an injunction after the patent owner's $445.5 million infringement verdict against Samsung, saying an injunction would undermine U.S. Supreme Court precedent.

  • September 22, 2026

    Lender's $8.1M In Losses Were 'Self-Inflicted,' 11th Circ. Told

    The former CEO of a lender that financed independent insurance marketers has urged the Eleventh Circuit to reverse an $8.1 million trial judgment for breaching his work terms, arguing that the damages sustained by his previous employer were "self-inflicted." 

  • September 22, 2026

    Trump Admin Sued Over $289M In Soon-To-Lapse CDFI Funds

    A business advocacy group has sued the Trump administration, seeking to force it to distribute over $289 million in congressionally appropriated funds meant to support community development financial institutions before the funds lapse at the end of the month.

  • September 22, 2026

    DOJ Says Fired NCUA Members Aren't Like Fed Officials

    The U.S. Department of Justice is urging the D.C. Circuit to reverse a district court order reinstating ousted National Credit Union Administration board members, arguing Congress didn't impose presidential removal restrictions on the NCUA and that the agency isn't analogous to the Federal Reserve.

  • September 21, 2026

    Crypto Co. Investor's 'Puzzle Pleading' Dooms Revenue Suit

    A Georgia federal judge has dismissed with prejudice a proposed class action alleging cryptocurrency technology company Bakkt Holdings Inc. and its executives misrepresented the stability of the company's crypto services revenue after it acquired a crypto platform, finding the complaint contains "puzzle pleading."

  • September 21, 2026

    TelexFree Investors' 2nd Bid For Cert. Called Futile

    A Massachusetts federal judge has once again rebuffed an attempt to certify a class of investors who say they lost money in the massive TelexFree Ponzi scheme, calling their second bite at the apple futile.

  • September 21, 2026

    Cigna Wins $1.8M In Fees After Payment Patent Fight

    A Texas federal magistrate judge has awarded Cigna Corp. nearly $1.8 million in legal fees in a case where it was cleared of infringing a card payment patent, just days after he said a shopping mall owner and gift card company were also entitled to fees in the legal battle.

  • September 21, 2026

    4th Circ. Won't Rethink Cutting $22M Wells Fargo Judgment

    The Fourth Circuit declined Monday to reconsider its decision cutting nearly $2.9 million from a former Wells Fargo employee's $22 million jury award and overturning portions of the verdict in his disability discrimination suit against the financial giant.

  • September 21, 2026

    Ex-Bank CEO Gets 9 Years For Fraud, Sanctions Evasion

    The former CEO of the Puerto Rico-based Nodus International Bank was sentenced to nine years in prison after pleading guilty to running a scheme that stole more than $13.6 million from the now-collapsed bank and evading sanctions on Venezuela.

  • September 21, 2026

    Lenders Say Baltimore Property Flips Fueled $10M Fraud

    Two wholesale asset-based mortgage lenders have accused a cadre of appraisers, title companies and real estate investors of passing off inflated appraisals on nearly 60 Baltimore homes and causing more than $10 million in loan losses.

  • September 21, 2026

    Ready Capital Beats Investor Suit Over Real Estate Loan Woes

    A New York federal judge has tossed, with prejudice, a consolidated class action against real estate finance company Ready Capital Corp., finding that the suit "comes dangerously close to 'puzzle pleading'" and that there is no evidence the defendants committed fraud prior to revealing struggles in its commercial real estate loan portfolio.

  • September 21, 2026

    Homeowners Say Home Equity Co. Sells Predatory Products

    A proposed class of North Carolina homeowners claimed in a federal lawsuit that Unison Agreement Corp. and related companies locked them into predatory, usurious and misleading home equity sharing agreements.

  • September 18, 2026

    3rd Circ. Says SBA Can Deny Excess PPP Loan Forgiveness

    A New Jersey car dealership that exceeded the federal limit on Paycheck Protection Program loans early in the COVID-19 pandemic is not entitled to partial loan forgiveness, the Third Circuit ruled Friday, holding that the Small Business Administration acted within its authority when it denied the company's relief bid.

  • September 18, 2026

    Fed 'Risk Aversion' Contributed To SVB's Failure, Report Says

    A "culture of risk aversion" and diffusion of decision-making among Federal Reserve supervisory staff, not deregulation or social media chatter, contributed to the 2023 collapse of Silicon Valley Bank, according to initial findings from a new post-mortem review.

  • September 18, 2026

    OCC Approves 3 Trust Charters For Stablecoin Businesses

    The Office of the Comptroller of the Currency on Friday granted conditional trust charters to fintechs Bastion Platforms, Catena and Agora, which all plan to expand their stablecoin and crypto offerings as national trust banks.

  • September 18, 2026

    DraftKings' Owner Urges PTAB To Invalidate Lutnick's Patent

    The owner of DraftKings has asked the Patent Trial and Appeal Board to invalidate a mobile wagering system patent that lists U.S. Secretary of Commerce Howard Lutnick as its lead inventor.

  • September 18, 2026

    Oppenheimer Customers Win Final Approval For $70M Deal

    A New York federal judge on Friday granted final approval to a $70 million settlement between Oppenheimer & Co. and a class of customers that resolves claims that the investment bank pocketed hefty fees from its cash sweep account program while paying customers "unreasonable, below-market interest rates."

  • September 18, 2026

    Fla. Firm Looks To Dodge Bank's DQ Bid In Trade Secrets Suit

    Florida-based Trenam Law fought Friday against a disqualification bid in a trade secrets case over residential solar lending technology, arguing that its prior representation of defendant Climate First Bank ended two years ago and was limited to handling a few real estate deals.

  • September 18, 2026

    JPMorgan Likely Can't Void Arbitration Loss Over Food Platter

    A California federal judge has said he is unlikely to vacate an arbitration panel's decision awarding a wealth manager $4.25 million from a JPMorgan Chase & Co. subsidiary, saying that although he finds the panel's award "exceptionally questionable," it doesn't meet the standard for the court to undo the decision.

  • September 18, 2026

    Epstein Survivors Seek Class Cert. In FirstBank Suit

    A proposed class of women who were sexually abused or trafficked by Jeffrey Epstein or his co-conspirators has asked a New York federal judge for certification in a suit alleging FirstBank Puerto Rico was complicit in the convicted sex offender's crimes as it was his "longest-serving" banking partner.

  • September 18, 2026

    Russia Calls Oschadbank's $1.1B Award Suit 'Chicanery'

    Russia has urged a New York federal judge to dismiss or transfer Oschadbank's lawsuit seeking recognition of a French court decision that rejected Russia's attempt to annul a $1.1 billion arbitral award, accusing the Ukrainian state-owned bank of filing in New York to evade unfavorable precedent in Washington, D.C.

  • September 18, 2026

    Latham Picks Ex-Fried Frank PE Pro For DC Office

    Latham & Watkins LLP has hired ex-Fried Frank private equity partner Ryan S. Plasky for a partner role on its banking and private credit team in Washington, D.C., the firm announced.

  • September 18, 2026

    Claims In Tech Exec's Stock Theft Suit Sent To Arbitration

    A New York federal judge has sent claims against a manager of lender W Management Services and agent SRT Capital SPC Ltd. to arbitration in a wide-ranging suit brought by an Aeva Technologies co-founder who alleges Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars.

  • September 18, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Victoria's Secret and Thomas Pink file competing IP claims, more than 1,000 retail consumers launch a group action against Binance, Baker Hughes targeted in a commercial claim by its former Russian subsidiary and university students hit four British institutions with breach of contract claims over pandemic-era closures.

Expert Analysis

  • Lessons On Contingency Planning From OFAC's Iran Reversal

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    The Office of Foreign Assets Control‘s abrupt revocation of a recent license easing sanctions on Iranian oil products shows commercial dealings relying on OFAC licenses or with higher sanctions risks should expressly address what happens if a policy change makes performance prohibited, says Michelle Roberts at Berliner Corcoran.

  • Roundup

    Michigan Banking Brief

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    In this Expert Analysis series, attorneys provide quarterly recaps discussing the biggest developments in Michigan banking regulation, litigation and policymaking.

  • Future Of Fed Independence Shaky After Justices' Ruling

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    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

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    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • How Rated Note Feeders Help Insurers Tap Private Credit

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    With insurer investments comprising nearly a third of the private credit market, rated note feeders offer insurers a compelling way to access private credit yields through debt instruments by balancing key features of debt investment with the structural and economic profiles of private credit funds, say attorneys at Akin.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several noteworthy financial services developments to California, including activity around a commercial finance oversight bill, the former Consumer Financial Protection Bureau head's appointment to lead a new consumer agency, and a ruling reinforcing viable bank-fintech partnerships, say attorneys at Manatt.

  • Quantum Readiness May Paradoxically Raise Contractor Risk

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    The organizations best positioned for the cryptographic system migration deadlines and other requirements under President Donald Trump’s recent quantum executive orders will be those able to inventory their cryptographic dependencies while protecting their vulnerability road map from adversaries, says Jesse Lemon at The Beckage Firm.

  • What Ex-CFPB Head's Calif. Role May Foretell For Oversight

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    California Gov. Gavin Newsom's selection of former Consumer Financial Protection Bureau Director Rohit Chopra to lead a new consumer agency signals tougher state financial services oversight, especially for fintechs, as well as heightened enforcement activity and larger penalties, say attorneys at WilmerHale.

  • Why SEC Climate Rule Rescission Wouldn't End Disclosure

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    If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

  • Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

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    In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

  • New Va. Finance Laws Signal Consumer Protection Push

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    Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

  • High Court's FCC Fine Ruling Reframes Agency Enforcement

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    The U.S. Supreme Court's recent decision in Federal Communications Commission v. AT&T sweeps aside uncertainty about what kinds of regulatory enforcement trigger a Seventh Amendment right, say attorneys at Squire Patton.

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